Ebbers sentenced to 25 years

[JURIST] Former WorldCom [MCIWorldCom website] CEO Bernard Ebbers [JURIST news archive] was sentenced Wednesday to 25 years in prison. US District Court Judge Barbara Jones handed down the sentence three years after WorldCom collapsed in an $11 billion accounting fraud, losing billions for investors. In March 2005 Ebbers was found guilty of fraud, conspiracy, and filing false documents with regulators. Reuters has more.



 

About Paper Chase

Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible format.

© Copyright JURIST Legal News and Research Services, Inc., 2013.